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Old 07-31-2019, 10:43 AM
 
Location: Georgia
5,276 posts, read 4,316,057 times
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https://www.ajc.com/business/metro-a...WktQXIPOpu40N/

Unless the economy goes south again or supply can finally start keeping up with demand, there seems to be no end in sight to the rise in real estate costs. This is good for current homeowners but bad for prospective buyers, who may be forced to keep renting even if they would prefer to buy.
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Old 07-31-2019, 11:16 AM
 
2,218 posts, read 879,442 times
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Originally Posted by toll_booth View Post
https://www.ajc.com/business/metro-a...WktQXIPOpu40N/

Unless the economy goes south again or supply can finally start keeping up with demand, there seems to be no end in sight to the rise in real estate costs. This is good for current homeowners but bad for prospective buyers, who may be forced to keep renting even if they would prefer to buy.
Yeah. I'm not surprised given it's also one of the fastest gentrifying metros. The two seem to go hand in hand. I dont really consider Atlanta to be a cheap large metro anymore. Still affordable compared to alternatives but in comparison to the rest of the southern metros (asside from Miami), it's about on par with them. Even the suburbs (especially the northern ones) have taken a huge hike in prices over the decade.

That stated I am personally feeling that this nation in general is headed toward a renters market rather than a buyer's market and that home ownership will be for the wealthy or investors. This could also be a Millenial trend given that they do not seem interest in home ownership as they seem interested in consolidated spaces near urban amenities.

Last edited by Need4Camaro; 07-31-2019 at 11:25 AM..
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Old 07-31-2019, 12:34 PM
 
Location: Atlanta, Birmingham, Charlotte, and Raleigh
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Yep, Atlanta is basically in the boat with Miami and DC in the South. Dallas and Houston are still relatively cheap for the other Tier 1 Southern metro areas.
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Old 07-31-2019, 01:24 PM
 
287 posts, read 171,744 times
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Originally Posted by jero23 View Post
Yep, Atlanta is basically in the boat with Miami and DC in the South. Dallas and Houston are still relatively cheap for the other Tier 1 Southern metro areas.
I would say Dallas is in the same boat. Home prices in the nicer parts of Dallas have shot up significantly too.
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Old 07-31-2019, 01:58 PM
 
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Originally Posted by jero23 View Post
Yep, Atlanta is basically in the boat with Miami and DC in the South. Dallas and Houston are still relatively cheap for the other Tier 1 Southern metro areas.
Dallas isnt cheap anymore. Houston is the cheapest southern Texas mecha. San Antonio right behind it. DFW is becoming pricier. Austin is expensive.

Miami still costs considerably more to live in than Atlanta.

Atlanta is currently sitting right under Chicago in terms of CoL and will most likely surpass it finding itself somewhere between Chicago and D.C. in terms of price.
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Old 07-31-2019, 02:38 PM
 
Location: Houston(Screwston),TX
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Originally Posted by jero23 View Post
Yep, Atlanta is basically in the boat with Miami and DC in the South. Dallas and Houston are still relatively cheap for the other Tier 1 Southern metro areas.
Dallas and Houston are not cheap either. And the most desirable parts of both cities are not affordable to the average American. That said Houston has a lower cost of living than Atlanta but when it comes to Homes you might end up still paying more than you would in the Atlanta metro when you factor in property taxes(are much higher in TX than GA) HOA fees(seems to be higher in Houston) and canít forget about good ol flood insurance. San Antonio is clearly the cheapest metro over a million out the south at the moment. You can still get a decent bargain but itís San Antonio
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Old 07-31-2019, 03:32 PM
 
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Originally Posted by Redlionjr View Post
Dallas and Houston are not cheap either. And the most desirable parts of both cities are not affordable to the average American. That said Houston has a lower cost of living than Atlanta but when it comes to Homes you might end up still paying more than you would in the Atlanta metro when you factor in property taxes(are much higher in TX than GA) HOA fees(seems to be higher in Houston) and canít forget about good ol flood insurance. San Antonio is clearly the cheapest metro over a million out the south at the moment. You can still get a decent bargain but itís San Antonio
I haven't checked the HOA's in Houston. Here in Austin they're ridiculously cheap, like $25 - $75 monthly. Property Taxes are high though.

The ever so irony is so many people leave places like New York, California, Washington State and D.C., and other large metros to escape high CoL and when they arrive - they eventually contribute to the same issue. Sadly though none of it is caused by land-use but rather political restrictions thereof which in turn creates artificial housing shortages.
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Old 07-31-2019, 04:11 PM
 
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Originally Posted by jero23 View Post
Yep, Atlanta is basically in the boat with Miami and DC in the South. Dallas and Houston are still relatively cheap for the other Tier 1 Southern metro areas.
Dallas is more expensive than Atlanta in most suburbs and cheaper than Atlanta in the city proper. The average cost of a home across DFW is higher than Atlanta metro area though a lot of the exurban areas in Atlanta bring the average cost down, but the Fort Worth side is a good bit cheaper than Plano/Frisco.

Atlanta is probably similar to Houston maybe slightly cheaper when you factor in property taxes. Austin is significantly higher than all three.
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Old 07-31-2019, 06:43 PM
 
2,218 posts, read 879,442 times
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Originally Posted by Huntsville_secede View Post
Dallas is more expensive than Atlanta in most suburbs and cheaper than Atlanta in the city proper. The average cost of a home across DFW is higher than Atlanta metro area though a lot of the exurban areas in Atlanta bring the average cost down, but the Fort Worth side is a good bit cheaper than Plano/Frisco.

Atlanta is probably similar to Houston maybe slightly cheaper when you factor in property taxes. Austin is significantly higher than all three.
Yes...

From what I've seen, the intown areas in Austin are fairly comparable in price to the intown areas of Atlanta when comparing similar types of homes in terms of price. Austin's suburbs however are fairly more expensive than Atlanta's suburbs with the exception of Alpharetta which would be comparable to Cedar Park and Round Rock in terms of price. West Hills area however is far more pricey than even Alpharetta.

Pfugerville would be comparable to Snellville in terms of pricing and is still fairly affordable but that won't last long. Manor is cheap but for a reason (crime) - Hutto and Georgetown are pretty much like the far north exhurbs of I-85 in terms of price (fairly affordable). Outside of that, to get fairly affordable homes you have to move way out to places they disguise you into thinking is Austin when in reality is middle of nowhere Texas.

Austin is basically a Californian investment hub, they sell their 2-3 Bedroom home in Cali and pick up $1 mil then move here and buy 3 properties and lease them out... There are far more apartments here than houses and they fill up faster than they can build them driving rents through the roof. In Atlanta you can probably pull off a 2 Br 1.5 Ba Apartment for about $1,300 - $1,400 around perimeter area. Can't do that here. $1,600 - $1,700 for something like that - and if near a development on the scale of Perimeter probably nearly $2k.
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Old 07-31-2019, 08:09 PM
 
1,302 posts, read 626,929 times
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Originally Posted by Redlionjr View Post
Dallas and Houston are not cheap either. And the most desirable parts of both cities are not affordable to the average American. That said Houston has a lower cost of living than Atlanta but when it comes to Homes you might end up still paying more than you would in the Atlanta metro when you factor in property taxes(are much higher in TX than GA) HOA fees(seems to be higher in Houston) and canít forget about good ol flood insurance. San Antonio is clearly the cheapest metro over a million out the south at the moment. You can still get a decent bargain but itís San Antonio
Flood insurance isn't required in most of metro Houston. HOA fees? I doubt you have enough of a reasonable sample to state accurately which is higher.

I can agree on San Antonio housing.
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